Geithner earned $411,200, plus benefits and an even larger severance payout, in his final year at the Fed, according to financial disclosures. . Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Warburg Pincus LLC - Partner/Managing Director. Warburg Pincus employees rate the overall salary and benefits package 5.0/5 stars. Follow us on LinkedIn. by John Cook on April 24, 2014 at 1:30 pm. New York. PayScale, a 14-year-old Seattle Internet company that specializes in compiling compensation data, is receiving an investment of as much as $100 million as part of a recapitalization effort being led by Warburg Pincus. 3 reactions. About 650K - 702K/yr Avg. Warburg Pincus, LLC Executive Assistant to the Managing Directors earn $70,000 annually, or $34 per hour, which is 15% higher than the national average for all Executive Assistant to the Managing Directors at $60,000 annually and 6% higher than the national salary average . 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Timothy Geithner serves as President of Warburg Pincus. Warburg Pincus Salaries >. A typical group vice president salary at Warburg Pincus is $211,791. Our data shows that Warburg Pincus employees in New York, NY get paid the most, where the average yearly pay is $137,857. Looking at the WSO data, the city with the highest average salary is New York, where employees earn an average salary of $350,000. See. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Salaries at Warburg Pincus depend on the group, division, department or function. Geithner specialized in international economics and rose through the Treasury ranks, then took a leadership role at the International Monetary Fund. The average Warburg Pincus salary ranges from approximately $62,945 per year for, The highest-paying job at Warburg Pincus is, The lowest-paying job at Warburg Pincus is, Warburg Pincus employees attributed a compensation and benefits rating of 4.8/5 stars to their company. Whats the best way to have a lack of compensation and incentive conversation in your department? Search By Employer Name , City , PostalCode or Job Title. Warburg Pincus LLC - Partner/Managing Director Hong Kong SAR. Customers using the companys online tools include Cummins, Warby Parker, Zendesk, Clemson University and Covenant Dove. The actual average hours worked per week at Warburg Pincus based on our data is actually 44 hours, which would bring down the true effective hourly rate to $76 on average. Warburg Pincus LLC | 111,140 . If salary is over $300k, we still show the max # but cap the length of the blue bar not to throw off the scale for the other positions. The actual average hours worked per week at Warburg Pincus based on our data is actually 44 hours, which would bring down the true effective hourly rate to $76 on average. How much do Warburg Pincus employees make? Salary and Compensation If you hover over the various sections of the donut, you will see the % breakdown of each workload given. 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Read what they think about their salaries on our Compensation FAQ page for , Associate salaries - 30 salaries reported, Vice President salaries - 12 salaries reported, Administrative Assistant salaries - 5 salaries reported, Private Equity Associate salaries - 5 salaries reported, Senior Fund Accountant salaries - 3 salaries reported, Executive Assistant salaries - 3 salaries reported, Vice President Marketing salaries - 3 salaries reported, Associate (Investment Analyst) salaries - 3 salaries reported, Senior Accountant salaries - 2 salaries reported, Business Analyst/Developer salaries - 2 salaries reported, Senior Analyst salaries - 2 salaries reported, Economic Analyst salaries - 2 salaries reported, Financial Analyst salaries - 2 salaries reported, Senior Platform Engineer salaries - 1 salaries reported, Tax Accountant salaries - 1 salaries reported, Senior Manager salaries - 1 salaries reported, Accounts Payable Specialist salaries - 1 salaries reported. 2021 He started at the Treasury Department in 1988 after a short time at the consulting firm Kissinger Associates. Back Submit. Warburg Pincus has more than $85 billion in assets under management; . There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. as a managing director. Warburg Pincus's Chief Executive Officer is Chip Kaye. 2005-2023 Wall Street Oasis. Total Pay. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Verify your email to use filters. Warburg Pincus said Geithner will have a significant strategic and managerial role as president and managing director. The starting pay at Warburg Pincus is $84,000 per year, or $40.38 per hour. About Warburg Pincus Warburg Pincus LLC is a leading global private equity firm focused on growth investing. Managing Partner salaries at Warburg Pincus can range from 648,366-691,147. 403. Before joining Warburg Pincus, Timothy served as the 75th Secretary of the U.S. Department of the Treasury from 2009 to 2013. Investor Type Investment Partner. 2022 Warburg Pincus LLC. The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay. Warburg Pincus. This role is also eligible for a discretionary annual performance-based bonus. In San Francisco, CA, Warburg Pincus pays a lower average salary of $133,313. Salaries posted anonymously by Warburg Pincus employees in London. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. A free inside look at company reviews and salaries posted anonymously by employees. . and/or its affiliates. Metzger said that Warburgs valuation was very clearly higher than Payscales previous funding rounds. The community relies on everyone sharing. Metzger saidthat until this year, he had not really though about PayScale partnering with aprivate equity firm. The average Warburg Pincus executive makes $211,452 a year. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Morningstar: 2018 But with a new appointment at the private equity firm Warburg Pincus, plus income from a book deal and paid speeches, Geithner is poised to make many times his salary in the public sector, where he worked for 25 years. Due to differences in work and the compensation mechanics, PE firms pay analysts around 30% less in salaries than investment banks. Warburg Pincus. The number you see in the middle of the donut pie chart is the simple average of these scores. Ive inquired about pay but its gotten nowhere. All Rights Reserved. Highest Paying Department At Warburg Pincus. Based on 82 salaries posted anonymously by Warburg Pincus Managing Partner employees in London. . As a result of the deal, the New York-based private equity firm is taking a majority stake in PayScale by buying some existing shareholders stock and investing new cash. All rights reserved. Join to connect Warburg Pincus LLC . He is Co-Chair of the Board of Directors of the International Rescue Committee. The blue bars below represent the minimum and maximum base salary for each position. For example, employees in the Generalist sector earn an average yearly salary of $320,000, while employees in the Private Equity sector earn an average yearly salary of $320,000. Now, Mr. Siewert is headed to Warburg Pincus to effectively become a political and policy adviser. Experience Partner / Managing Director Warburg Pincus LLC Mar 2015 - Present 8 years. Prior to joining Warburg Pincus in 2020, Teck Loon was the Head of Investor Relations at GGV Capital, responsible for GGV's LP relationships globally. Managing Partner. 2022 Warburg Pincus LLC. All Rights Reserved.Terms . Warburg Pincus salary ranges from $52k to $329k. Track all of GeekWires in-depth startup coverage: Sign up for the weekly startup email newsletter; check out the GeekWire funding tracker and venture capital directory; and follow our startup news headlines. Fundraising and Investor Relations. This is largely dependent on seniority and location. Congratulations to Kerrie Cohen, Managing Director, Head of Communications and Marketing, Americas at Warburg Pincus, and the rest of the class, on being selected as 2023 David Rockefeller Fellows . There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. Greg BaecherManaging Director. Before joining Warburg Pincus, Timothy served as the 75th Secretary of the U.S. Department of the Treasury from 2009 to 2013. The actual average hours worked per week at Warburg Pincus based on our data . Compared to the industry average of $86,451 per year, the average annual salary at Warburg Pincus is $126,177, which is 45.95% higher. Associate salaries - 1 salaries reported. Warburg Pincus LLC is a leading global growth investor. US$178,101 / yr. Based on the WSO data, Warburg Pincus employees in New York and get paid the most. As Treasury secretary, he earned a salary of $199,700. This is an estimate based on latest salaries received from employees of Warburg Pincus. It is one of the best places to work since the firm has a very strong culture of integrity and fairness to both employees and the companies they invest in. To continue to use this site you must consent to the use of cookies as described in our Website Privacy Notice unless you have disabled them. The firm has more than $85 billion in assets under management. He previously served as President and Chief Executive Officer . Employees in human resources roles earn the highest wages at Warburg Pincus, with an average salary of $128,352. "Any cabinet secretary can expect to go out and make a lot of money, but particularly in Treasury.". The so-called revolving door between the public and private sectors gives government officials a route to cash in, said Chris Edwards, director of tax policy studies at the Cato Institute. Timothy holds a BA in Government and Asian Studies from Dartmouth College and an MA in International Economics and East Asian Studies from Johns Hopkins School of Advanced International Studies. However, workers in the it department earn an. Vishal Mahadevia is based in Mumbai, joined Warburg Pincus in 2006 and co-leads the firm's activities in India. This base compensation is the equivalent of $80 per hour assuming a 40 hour work week (2,000 hours per year). 4 . A division that does not pay as well at Warburg Pincus includes the Private Equity group, with employees earning $320,000 on average. Looking for advise on company culture at both companies. All rights reserved. Location has an effect on the earnings of employees at Warburg Pincus too. Warburg Pincus Privacy Notice Privacy Notice Personal Data Request Legal Disclaimer Fraud Notice Forms 20-2 and 21-3. Follow us on LinkedIn. https://www.warburgpincus.com. #digitalmedia #media #entertainment Managing Director Warburg Pincus Feb 2006 - Present 17 years 1 month. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Warburg Pincus pays an average salary of $160,000 per year. I have MBA + 3 year experience in industry. About Warburg Pincus Warburg Pincus is a leading global private equity firm with nearly $60 billion in assets under management (AUM). This role has a base salary of $125,000. Employees in the it department receive relatively high salaries as well, where wages average $125,491 per year. Additionally, geographic location can impact the compensation for employees at Warburg Pincus as well. The average Warburg Pincus hourly pay ranges from approximately $30 per hour for an Administrative Assistant to $30 per hour for an Administrative Assistant. Join GeekWire's membership program. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Warburg Pincus employees rate the overall compensation and benefits package 4.8/5 stars. Average GoldenTree Asset Management Salary. Thanks! Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. You can change your cookie settings at any time from within your web browser. When expanded it provides a list of search options that will switch the search inputs . 2022 Warburg Pincus LLC. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Timothy is Chair of the Program on Financial Stability at the Yale University School of Management, where he is also a visiting lecturer. In this capacity, he helps oversee the investment decisions and the management of the firm. Warburg Pincus Privacy Notice Privacy Notice Personal Data Request Legal Disclaimer Fraud Notice Forms 20-2 and 21-3. Fraudulent activity using the Warburg Pincus name has been reported in India. Related: How much is a Treasury Secretary worth? Executive Assistant salaries - 1 salaries reported, Membership Advisor salaries - 1 salaries reported, Managing Partner salaries - 1 salaries reported. Employees in the Private Equity receive relatively high salaries as well, where wages average $320,000 per year. The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company. If you asked me about that five years ago about that, I wouldnt have articulated it, he said. The community relies on everyone sharing. Its active portfolio of more than 180 companies around the globe is highly diversified by stage, sector and geography. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. As of 2011, the Payscalehad raised about $32 million in venture financing, including cash fromincluding Fluke Venture Partners, Madrona Venture Group, Montlake Capital and Trinity Ventures. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset. 18,718 / yr. Director salaries - 1 salaries reported. In the chart below . The company currently has more than 40 million salary profiles, using that data to help 3,000 business customers make accurate salary decisions. Our model gets smarter over time as more people share salaries on Glassdoor. Warburg Pincus employees in New York, NY, San Francisco, CA, and Aventura, FL are the highest paid. Warburg Pincus Salaries trends. Liked by Sandeep Kagzi. Liked by Sandeep Kagzi. In 2003, he was picked to head the Federal Reserve Bank of New York. He was one of the least wealthy Treasury chiefs in recent history -- and he suffered at least a 50% pay cut when taking that job. Specifically at Director and Partner. Politics and policy. 2 reactions. But his fee per speech is estimated to reach six figures, in line with speaking fees paid to other former top government officials. Overview Overview 88 Reviews -- Jobs 82 Salaries 22 Interviews 44 Benefits -- Photos. They're also willing to pay someone of Geithner's experience many, many times his federal salary, he said. Warburg Pincus Associate Salaries. Some of the other roles at Warburg Pincus are front desk receptionist and copy operator. Workers in the human resources department can earn an average of $128,352 per year. Paulson made the first TARP payments before handing the baton to Geithner, and now leads a think tank at the University of Chicago. You can get the exact average and median by hovering over any bar. Mr. Geithner also will . Insightful piece in Bloomberg on The Walt Disney Company strategy! They got super excited about the market were serving and the people in that market were serving., PayScale, which employs 135, plans to bolster its workforce and enhance its products as a result of the investment. The employee data is based on information from people who have self-reported their past or current employments at Warburg Pincus. An IB analyst typically earns a total of $150,000 to $200,000, while a PE analyst usually earns $100,000 to $150,000 on average. Warburg Pincus is a medium finance company with 500 . Sharmila BaichooGeneral Manager. Cable News Network. We noticed that your web browser is outdated! 3 Warburg Pincus reviews. Pacific Northwest startup funding activity is down 80% so far this year, Drone startup Brinc prepares for take off with ex-Amazon engineers and geopolitical tailwinds, Microsoft and Google back Typeface, an enterprise generative AI startup led by ex-Adobe CTO, Subscribe to GeekWire's free newsletters to catch every headline. . We fit into that bucket.. Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the appointment of Timothy F. Geithner as President and Managing Director. Like. No consulting experience. If you look categorically, the thing that has happened over the last 2-to-3 years is private equity firms have identified SaaS subscription-based businesses as an opportunity set that maps well with the investment horizon they have, he said. Fraudulent activity using the Warburg Pincus name has been reported in India. . PayScale, a 14-year-old Seattle . View job details, responsibilities & qualifications. Mumbai Senior KPMG 1998 - 2001 3 years. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Base range: $80,000 - $280,000. The firm has more than $85 billion in assets under management. Warburg Pincus pays an average salary of $160,000 per year. Contribute to the database and get 1 month free* Full online access! Both offer similar salary package. Salaries >. (CDPQ), where he was executive vice president and global head of private equity and managing director, capital solutions . Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $108 billion in over 1,055 companies in more than 40 countries. The lowest-paid workers at Warburg Pincus make less than $84,000 a year, while the highest-paid workers earn over $188,000. Managing Partner salaries - 1 salaries reported. Warburg Pincus is well known to those in the Seattle tech community, since it was the private equity firm responsible for taking The Cobalt Group private in 2001. Director salaries - 1 salaries reported: London: 333,633 / yr. Popular Careers with Warburg Pincus Job Seekers. I have 4 years in retail banking and am interviewing for a KYC Analyst position and a Risk and Control Analyst position currently. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Edwards said financial firms value former federal workers for two reasons: their connections and their understanding of the byzantine rules, regulations and processes inside Washington. There is a significant gap between what Warburg Pincus pays the bottom 10 percent of earners and the top 10 percent of earners. Former U.S. Treasury secretary Timothy Geithner, who played a central role in the government's response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Geithner was a pauper next to his predecessor Hank Paulson, the former Goldman Sachs Goldman CEO who was possibly worth upwards of $500 million. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). PayScale faces competition from Glassdoor, a San Francisco company led by former Expedia execs and backed in part by Seattle investor Rich Barton. The lowest-paid workers at Warburg Pincus make less than $84,000 a year, while the highest-paid workers earn over $188,000. To continue to use this site you must consent to the use of cookies as described in our Website Privacy Notice unless you have disabled them. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Salary: Salary Range: $189,000 - $210,000. The firms active portfolio of more than 260 companies is highly diversified by stage, sector, and geography. "The federal government pay scale tends to compress earnings into a narrower range than private markets," he said. Salaries vary by department as well. It also helps businesses set compensation ranges for staffers, providing an immediate snapshot of whats going on in the job market. K2 International eyes MGA acquisitions with Warburg Pincus ownership on horizon . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Managing Director, Head of U.S., Matrix Renewables, a TPG company . A worker with the title front desk receptionist at Warburg Pincus earns an average salary of $37,592 per year. 1 Comment. Without a doubt we compete with Glassdoor for eyeballs, but we do not compete in terms of revenue, said Metzger. Warburg Pincus, LLC Executive Assistant to the Managing Director without location (2 salaries), Browse Warburg Pincus, LLC Salaries by Job Title , Executive Assistant to the Managing Directors, Executive Assistant to the Managing Director. In the first half of this year, he brought in $400,000 for three speeches, according to the Financial Times, which cited unnamed people familiar with the speeches. For example, employees in the Generalist sector earn an average yearly salary of $320,000, while employees in the Private Equity sector earn an average yearly salary of $320,000.